AUD/USD Outlook (13th February 2019)

• AUD/USD testing key level
  
• U.S. CPI m/m
  

Price Movement
Since yesterday, AUD/USD had moved up by around 30pips.

Trend
Overall, AUD/USD is moving on a downtrend.

Macro Background
The U.S. Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers.
It is scheduled to be released tonight at 2130 (SGT).
It is expected to perform better than previous month and if the data released is better than or as expected, we may see the U.S. dollar strengthening and AUD/USD will be going down.

Important Issue
None.

Technical
AUD/USD is currently testing the 0.71 key level.

Price Levels
Current Price: 0.71085
Next Resistance: 0.71339
Next Support: 0.70548